This property looks like a bad Mid-Term investment with a projected -6.28% first-year return on $104k initial cash invested.
-6.28%
Cash On Cash
5.54%
Cap Rate
0.83
DSCR
$4,124
Rent
-$545
Cashflow
Cash Flow
$4,124 income − $4,669 expenses = $545 out of pocket
Investment Breakdown
|
Purchase Price
$410k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$81,960
Closing costs
1%
$4,098
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,124
Total Expenses
$4,669
Mortgage P&I
55%
$2,271
Property Taxes
19%
$793
Home Insurance
4%
$147
HOA
1%
$55
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454